Assistant Manager - Commercial Operations

Assistant Manager - LC & Contract Responsibilities LC and Contract Executive Credit Management Create and issue Letters of Credit (LCs) in accordance with internal guidelines and contractual terms Prepare inland LCs to support domestic trade transactions, adhering to regulatory and contractual guidelines Maintain accuracy and completeness of the LC documentation Conduct negotiations with customers regarding LC discounting, premiums, and related terms to facilitate smooth financial transactions Monitor and ensure the timely payment of LCs, coordinating with relevant stakeholders (Finance & Accounting, Marketing) and external stakeholders (customers, banks) · Submit and negotiate for documents for LCs, as required Follow up and coordinate for LC amendments, payment swifts and LC transmissions Maintain Management Information Systems (MIS) for LCs and payments Raise escalations in case of any delays of LCs/payments Contract Management Review and vet purchase/sales contracts, ensuring alignment with organizational objectives and risk management strategies Collaborate with legal teams to address contract-related legal matters Work closely with the finance department to assess and determine transfer pricing strategies and valuations for international trade transactions Maintain a well-organized contract repository, ensuring easy access to relevant contract documentation Implement management information systems (MIS) for efficient contract tracking and management Provide legal teams with all relevant contract information, terms, and documentation to support legal analysis and compliance Advise the concerned team for currency hedging (if required) to mitigate currency risks associated with trade contracts Amend contracts as necessary to accommodate changes in business conditions, regulations, or customer requirements basis necessary approvals Manage all contract modifications and ensure that they are appropriately documented and communicated to relevant parties Digitisation and Automation Support comprehensive digitization strategies to optimise operational efficiency Innovate and implement automation solutions to support overall organisational goals / strategy Key Stakeholders Internal: Finance and accounting Marketing Customs Key Stakeholders External: Customers Suppliers/ Vendors External Agencies Qualifications Education Qualification: Post-Graduation Work Experience (Range of years): 3-5 Years of experience